Automotive Tinting Film Market

Market Overview

The global automotive tinting film market size was valued at USD 3.59 billion in 2021 and is projected to reach USD 6.12 billion by 2030, registering a CAGR of 6.11% from 2022 to 2030.

 Automotive tinting films are the simplest technologies installed in cars that add style and function. To achieve the desired appearance or functionality in the vehicle, a thin coating of polymeric film is applied to the glass. Although modern transparent tinted films are equally capable of blocking and reducing UV rays and regulating temperature, consumers typically prefer dark tinted films to enhance the privacy experience. Blocking the harmful UV rays significantly lowers the chance that passengers' skin will be harmed and also improves the fuel and performance efficiency of the vehicle. OEM automakers install factory tints on vehicles, but consumers can choose aftermarket tints for better features and styling.

Automotive tinting is a thin laminate film that can be applied to the inside or outside vehicles, boats, homes, and other glass surfaces. Due to its transparency, tensile strength, dimensional stability, and ability to accept a variety of surface-applied or embedded treatments, it is typically made from polyethene terephthalate (PET), a polyester-based thermoplastic polymer resin. Tinting films contribute to the maintenance of a sustainable and comfortable environment by lowering solar heat gain and winter heat loss. Additionally, the risk of skin cancer and skin damage is decreased by using Ultra Violet-A filtering tinting films. The market is anticipated to be driven by the environmental advantages these films offer and rising consumer safety concerns. Polyester or Polyethylene Terephthalate is frequently used to make window plastic film, wrap films, carbon tints, and ceramic tints (PET). Influencing factors for the market growth for polyethene terephthalate include rising consumer demand for protection from harmful UV rays and to protect the pricey interiors of premium vehicles.

Market Dynamics

Global Automotive Tinting Film Market Driver

Increase in privately owned vehicles

Automobile sales have increased dramatically recently and decreased significantly across the board. Although a slowdown was anticipated, the COVID-19 outbreak hastened it. Although the industry is predicted to recover soon, there may be an unusual increase in private vehicle ownership due to people's reluctance to share rides and use public transportation due to concern over the spread of COVID-19. Additionally, it is anticipated that during the forecast period, there will be an increase in the number of vehicles on the road, particularly in Asia-Pacific, which will positively impact the sale of these tinting films.

Changing climatic conditions

Global sales of these movies have increased due to rising atmospheric temperatures. These films successfully stop solar heat from entering the vehicles. Although some nations have banned these movies, consumers are encouraged to break the law by meagre fines, particularly in developing nations. Seasonal cycles have been disrupted by global warming, accelerated and significantly accelerated by increased emissions. Consumers today must endure unimaginable summertime temperatures in some parts of the world. Customers have begun choosing aftermarket tint to lower the temperature inside their cars, and as temperatures rise, demand for these films is expected to increase in the coming years.

Global Automotive Tinting Film Market Restraint

Emerging Tinting Technologies

Recent years have seen a rapid evolution of tinting technology. A breakthrough has been made with bright windows (electro-chromatic technology). Electric current is used to convert the glass from transparent to opaque. With this glass, you can instantly achieve privacy without breaking the law. One of the most recent innovations in the market is smart vehicle glass.

Additionally, photochromic glass is becoming more widely available. These technologies can be used in high-end vehicles but are relatively expensive. Even though some of them are still in the development stage, technology advancements are expected to make them better and more affordable, which could eventually limit the market.

Regional Analysis

According to the region, the market is segmented into North America, Europe; Asia Pacific; Central & South America and Middle East & Africa.

Due to the rising demand for LCVs and passenger cars in the United States, North America held the largest share of the global market. Due to lax regulations on tinting film's visible light transmission (VLT) percentage, the market is also anticipated to expand. Higher consumer spending on passenger and light commercial vehicles result from North America's economic recovery. In the region, demand for the product is anticipated to increase due to the increasing use of sustainable materials in their production, such as polymers. These films are anticipated to grow in the Asia-Pacific region during the forecast period. For privacy and security-related reasons, the product is increasingly in demand in emerging nations. Another aspect that is anticipated to benefit the market in the Asia-Pacific is the expanding OEM demand for the product.

Segmental Analysis

The Global Automotive Tinting Film Market is segmented by Vehicle type, application, and region. Based on vehicle type, the market is categorized into Passenger Cars, Light Commercial Vehicles (LCVs), and Heavy Commercial Vehicles (HCVs). The market segment for LCVs is anticipated to grow at the fastest rate. The demand for light commercial vehicles is anticipated to increase during the forecast period due to the significant improvement in global trade and transportation. Since the drivers of LCVs who transport goods spend more time behind the wheel and are subjected to harmful sunlight, tinting films are used on the windshields of these vehicles to reduce glare and block UV rays. There was a sizable market share for passenger cars. To shield interior occupants from UV rays and harmful sunlight, tinting films are used on the windows and windshields of passenger cars. Films with tinting reduce heat and glare while also providing UV protection. The production and sales of passenger and light commercial vehicles are anticipated to rise globally during the forecast period due to rising disposable income and changing lifestyles, which are then anticipated to fuel the overall demand for the product.

By application, the market is categorized into Windows and Windshields. Windshields held the largest share of the market and are expected to continue their domination during the forecast period. Applying tinting films to windshields prevents the direct impact of the sun's heat and ultraviolet rays on passengers. The product helps the vehicle's driver see clearly and safely while reducing glare. Most automakers use tinting films to reduce glare, improve driving comfort, and offer protection. Since LCV and HCV drivers frequently cover large distances at once because these vehicles were primarily created for moving goods from one location to another. The sun's harmful rays can make driving uncomfortable and make driving challenging for an extended period when they enter the car through the windshield. This effect is lessened by the product, which also improves driving comfort. Over the forecast period, the windows application segment is anticipated to grow significantly. These window films serve as protection from harmful UV rays exposure. During the forecast period, demand is anticipated to be driven by the rising need for products that reduce interior vehicle temperatures, shield interiors from UV rays, and give passengers a comfortable driving experience.

Recent Developments

• In April 2022: Map Group announced new sustainable polymers for the European automotive market using Eastman's molecular recycling technologies. As part of a multi-year strategic partnership with Eastman, Map Group, a leading international plastics formulator and compound producer, announced innovative compounds for new resins in the automotive market. Map Compounding, the group's manufacturing company, announces its Cherbio™ family based on Eastman's molecular recycling technologies.
• In May 2022: Avery Dennison invested over €60 million in Europe's capacity expansion and manufacturing efficiency. Avery Dennison Corporation (NYSE: AVY) announced two significant investments to expand its manufacturing capacity and improve factory efficiency in Europe to meet growing demand.